Thank you for your thoughtful comment. 🙏

You’ve raised a valid point—Nigeria’s current high lending rates make debt financing a tough choice for most entrepreneurs. With interest rates at 27.5%, borrowing is extremely expensive, forcing many businesses to explore alternative funding options instead.

That said, there are exceptions. Aliko Dangote, for example, has leveraged billions in financing to support his $20 billion refinery project near Lagos, even in this high-interest environment. This funding strategy involves partnerships with banks, lenders, and oil traders to secure crude supplies and maintain operations.

However, cases like Dangote’s are rare and typically involve large-scale, high-return ventures. For most entrepreneurs, the current economic climate makes it wiser to approach debt cautiously and focus on strategic borrowing—prioritising investments with strong returns and stable cash flows.

We appreciate your feedback and will explore this topic further in upcoming articles. Let’s keep the discussion going! 🚀

Jenny! thank you for sharing your thoughts! 😊

You’re absolutely right—inflation is a major hurdle in Nigeria, and it can definitely throw off even the best-laid business plans. In the article, we emphasise strategic debt management—using debt to acquire income-generating or appreciating assets rather than liabilities.

Many people fall into the trap of using loans for depreciating assets, and it’s a key point we hope readers will avoid. Instead, focusing on investments like real estate, stocks, or business expansion can hedge against inflation and build long-term wealth.

We appreciate your insight—it highlights how important it is to align borrowing with wealth-building goals. Let’s keep the conversation going! 🚀